Acceptable Insurers definition

Acceptable Insurers. All policies will be issued by insurers with a Best’s Rating of X- 00 or better. Self-Insurance – Upon evidence of financial capacity satisfactory to the City of Nashua and Contractor’s agreement to waive subrogation against the City of Nashua respecting any and all claims that may arise, Contractor’s obligation hereunder may be satisfied in whole or in part by adequately funded self- insurance.
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Acceptable Insurers means (a) any insurer or reinsurer which is regulated by regulators within the EEA and the United Kingdom after Brexit, the United States of America, Canada, and has a credit rating of A- or above from Standard & Poor’s Corporation, A. M. Best, Moody’s or Fitch or (b) which have been approved by the Grantor;
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Examples of Acceptable Insurers in a sentence

  • The above coverage requirements can be met by obtaining flood insurance from private flood insurers or from insurers providing policies under the NFIP, or any combination thereof.Policies issued by private flood insurers must meet the minimum requirements for Acceptable Insurers identified in Section 31.3. Policies issued by insurers participating in the NFIP, as well as those insurers authorized to participate in the NFIP’s Write Your Own program, are acceptable.

  • Acceptable Insurers: LAWA uses the A.M. Best Key Rating Guide as our reference.

  • If such change results in substantial additional cost to Contractor, City and Contractor may renegotiate Contractor’s compensation.6. Acceptable Insurers.

  • From and after the Execution Date, all Required Insurance is in full force and effect with Acceptable Insurers.

  • Maintain, with Acceptable Insurers, insurance with respect to its properties and business against such casualties and contingencies, of such types and in such amounts as is customary in the case of corporations of established reputations engaged in the same or a similar business and similarly situated.

  • The Borrower shall, without cost to the Secured Parties, from the Closing Date and until all Obligations have been indefeasibly paid in full and all Commitments have been terminated, maintain or cause to be maintained (unless otherwise stated below) with Acceptable Insurers insurance policies with limits and coverage provisions sufficient to satisfy the limits and coverage provisions set forth below.

  • Acceptable Insurers means reputable and creditworthy insurers active in the Indian insurance or reinsurance markets.

Related to Acceptable Insurers

  • Acceptable Insurance Default shall have the meaning assigned to such term or analogous term in the Servicing Agreement.

  • Acceptable Bank means (a) a bank or financial institution which has a rating for its long-term unsecured and non credit-enhanced debt obligations of A- or higher by S&P or A2 or higher by Moody's or a comparable rating from an internationally recognized credit rating agency; or (b) any other bank or financial institution approved by each Agent.

  • variable insurance contract means a contract of life insurance under which the interest of the purchaser is valued for purposes of conversion or surrender by reference to the value of a proportionate interest in a specified portfolio of assets.

  • Title insurance agent means an agent licensed in the Commonwealth to sell, solicit, or negotiate

  • Insurers means the underwriters or insurance companies with whom any Insurance is effected and the manager of any protection and indemnity or war risks association in which the Vessel may at any time be entered;

  • Acceptable means the Authority has reviewed the method, procedure, or policy and has neither objected to nor approved its proposed use or implementation.

  • Required Insurances means collectively the Project Facility Insurances and the Contractor Insurances.

  • Acceptable Counterparty means any counterparty to the Interest Rate Cap Agreement that has and shall maintain, until the expiration of the applicable Interest Rate Cap Agreement, a long-term unsecured debt rating of at least “A+” by S&P and “Aa3” from Xxxxx’x, which rating shall not include a “t” or otherwise reflect a termination risk and is otherwise reasonably acceptable to Lender.

  • Replacement Liquidity Provider has the meaning set forth in the Intercreditor Agreement.

  • Required Insurance shall have the meaning provided in Section 9.03.

  • Qualified Insurer A mortgage guaranty insurance company duly authorized and licensed where required by law to transact mortgage guaranty insurance business and approved as an insurer by Xxxxxx Xxx or Xxxxxxx Mac.

  • Acceptable Waste means ordinary household, municipal, institutional, commercial and industrial Solid Waste including, but not limited to, the following:

  • Required Insurance Policy With respect to any Mortgage Loan, any insurance policy that is required to be maintained from time to time under this Agreement.

  • Title Insurance Policies means, with respect to each Individual Property, an ALTA mortgagee title insurance policy in a form acceptable to Lender (or, if an Individual Property is in a State which does not permit the issuance of such ALTA policy, such form as shall be permitted in such State and acceptable to Lender) issued with respect to such Individual Property and insuring the lien of the Mortgage encumbering such Individual Property.

  • Acceptable Flag Jurisdiction means the Bahamas, Bermuda, Panama, the Xxxxxxxx Islands, the United States or such other flag jurisdiction as may be acceptable to the Required Lenders in their reasonable discretion.

  • Domestic insurer means an insurer organized under the laws of this state.

  • Title Insurance Company means the company that has or will issue the title policies with respect to a Leased Property, which company shall be reasonably acceptable to the Funding Parties.

  • Replacement Provider has the meaning set forth in Section II.D.1.

  • Applicable Insurance Regulatory Authority means, when used with respect to any Insurance Subsidiary, the insurance department or similar administrative authority or agency located in the state in which such Insurance Subsidiary is domiciled.

  • Group of insurers means those licensed insurers included in the reporting requirements of chapter 13, or a set of insurers as identified by management, for the purpose of assessing the effectiveness of internal control over financial reporting.

  • Notice of Replacement Subordination Agent has the meaning specified in Section 3.08.

  • Specified Insurance Company means any Entity that is an insurance company (or the holding company of an insurance company) that issues, or is obligated to make payments with respect to, a Cash Value Insurance Contract or an Annuity Contract.

  • Approved Insurer Each insurance policy shall be issued by insurance companies authorized to do business in the State of Nevada or eligible surplus lines insurers under federal and Nevada law and having agents in Nevada upon whom service of process may be made, and currently rated by A.M. Best as “A-VII” or better.

  • A.M. Best A.M. Best Company, Inc. or its successors in interest. If neither A.M. Best nor any successor remains in existence, “A.M. Best” shall be deemed to refer to such other nationally recognized statistical rating agency or other comparable Person reasonably designated by the Depositor, notice of which designation shall be given to the Trustee, the Certificate Administrator, the Master Servicer and the Special Servicer and specific ratings of A.M. Best herein referenced shall be deemed to refer to the equivalent ratings (as reasonably determined by the Depositor) of the party so designated.

  • Title Insurance An American Land Title Association (ALTA) mortgage loan title policy form 1970, or other form of Title Insurance Policy acceptable to FNMA or FHLMC, including all riders and endorsements thereto, insuring that the Security Instrument constitutes a valid first lien on the related Mortgaged Property subject only to permitted encumbrances.

  • Acceptable Collateral means the following assets of Borrowers, as long as such assets are (x) held in the Collateral Accounts, (y) subject to a first priority Lien in favor of the relevant Applicable Lender and not subject to any other Lien (other than Permitted Liens), and (z) the Collateral Requirement has been satisfied with respect thereto: